Girls Incorporated of Worcester

Analysis

Girls Incorporated of Worcester is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in March 1943, 83 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Girls Incorporated of Worcester reported income of $2.0m and spending of $3.0m, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.0m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Girls Incorporated of Worcester sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Rolling Start Incorporated ($2.0m), Naval Submarine League ($2.0m) and Ad Lib Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $344k (11% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $12.8m against liabilities of $237k, net assets of $12.6m. It reported 86 employees.